Permanent Secretary in the Federal Ministry of Finance, Mrs. Anastasia Daniel-Nwaobia yesterday revealed that President Muhammadu Buhari’s administration had spent N222 billion to cushion the effect of fuel scarcity without the approval of the National Assembly.
Nigerian Pilot recalls that there was serious fuel scarcity shortly after Buhari was sworn-in on May 29, 2015.
Daniel-Nwaobia disclosed this in her presentation before the House of Representatives ad hoc committee probing the non-implementation of capital projects contained in the 2015 budget.
She pointed out that the federal government in one of its fiscal items made the extra-budgetary spending under “Emergency Intervention (Fuel Subsidy Crisis)” to end the eight-month long fuel scarcity which started in December 2014 and ended in July 2015.
Nigerian Pilot had earlier reported that a total of N145 billion subsidy component was embedded in the 2015 budget.
These were made up of N100 billion for subsidy on Premium Motor Spirit, PMS, popularly known as petrol, and N45 billion for kerosene.
Daniel-Nwaobia also told the House committee that President Buhari would soon transmit a 2015 supplementary budget to the National Assembly.
“I am aware that federal government is handling a number of these issues in the supplementary budget in respect of the 2015 budget. But I am not in a position to pre-empt Mr President in that matter. But I believe that he is fully aware of the situation and I am also aware that we have done something in respect of the supplementary budget that we have passed to Mr President,” she said.
Meanwhile, members of the committee on Tuesday queried discrepancies in the presentations of the Finance Ministry, Accountant General of the Federation and other agencies managing the economy.
In its document presented before the House committee, the Central Bank of Nigeria, CBN, put the Nigerian National Petroleum Corporation refund to the Consolidated Revenue Account at N6.330 billion per month (totalling N44.310 billion between January and July 2015).
However, the Finance Ministry’s documents showed that NNPC refund was N5.828 monthly totalling N46.624,766,453.60 between January and August 2015.
Chairman of the House Committee, Hon. Aliyu Ahman Pategi (Kwara/APC) ‎ queried the discrepancies in the figures submitted by the CBN and Finance Ministry and ordered that the institution should meet and reconcile the figures.


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